Word: cheaping
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Dates: during 2000-2009
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Strong initial orders for Tata Motors' new ultra-cheap car, the Nano, have boosted the struggling Indian carmaker's finances while prompting competitors to launch their own low-cost models. (Read "The World's Cheapest Car Debuts in India...
...longer growing rapidly is that any expansion in innovation or increased industrial activity will happen somewhere else. That place or those places have already been identified as India, China, and the other vibrant economies of southern Asia and Latin America. The case in their favor is simple. They have cheap labor. But, cheap labor is itself exhaustible. China has created a middle class, and so has India. The people in those middle classes will expect to be paid better and better over the years ahead. (See pictures of China going to Africa...
...America has a class of cheap labor now as well, which the country does not want to face. In doing so, the nation has to admit to itself that the millions of manufacturing jobs with high hourly wages, lifetime benefits, and a pension will not be part of the economy in the future. That is true. The U.S. manufacturing base cannot be competitive if it keeps the legacy benefits that unions like the UAW negotiated for their members in the years that Walter Reuther ran the union...
...they have been rising rapidly. And that could be the case now. The recent rally has left the Standard & Poor's 500 with a price-to-earnings ratio, based on an estimate of 2009 profits, of 15, up from 11 at beginning of March. That means stocks are relatively cheap compared to an average of the past two decades of about 20, but nearly as much of a bargain as they were when the rally started. Still, followers of technical analysis say there are a number of reasons to be bullish now. First of all, while stocks are up, they...
...Prevention has issued a travel advisory, as it has for Mexico. To be able to cancel for any reason, you'll have to invest in a "cancel for any reason" insurance policy, offered by companies like Travel Guard. But that kind of peace of mind doesn't come cheap - up to an extra 35% to 50% of the policy's price, estimates Linda Kundell of the USTIA - and depends on your age, your itinerary, how far out you are booking and the cost of your vacation. Depending on the policy you buy, the insurance plan...